Analysis of Gold for July 27, 2018
Recently, Gold has been trading downwards. The price tested the level of $1.218. According to the H1 time – frame, I found ф breakout of the bearish flag pattern and the major upward trendline in the background, which is a sign that buying looks risky and that sellers are in control. My advice is to watch for potential selling opportunities. The downward target is set at the price of $1,211.22.
Trading recommendations for today: watch for potential selling opportunities.